New India Assurance: For more information – http://www.newindia.co.in/
Zedex: Buy Now – https://pharmeasy.in/online-medicine-order/29311?utm_source=Youtube&utm_medium=Video&utm_campaign=DrReddys_Zedex
Subhash Chandra, the founder of Zee and Essel Group, is at the centre of a remarkable insolvency case involving over ₹22,006 crore in admitted creditor claims, while his repayment plan offers just ₹6.25 crore to creditors, plus ₹25 lakh towards insolvency costs. In this episode of Kharcha Paani, we break down how a ₹170 crore loan taken by Essel Group-linked company Vivek Infracon turned into a personal insolvency case against Subhash Chandra, why he was liable as a personal guarantor, how claims from multiple creditors pushed the total to over ₹22,000 crore, why creditors approved the repayment plan with 80.81% voting share, and why LIC Housing Finance and other lenders opposed it. We also explain the NCLT proceedings, the split decision between the two-member bench, the role of the third member Nilesh Sharma, and the reasoning behind approving a repayment plan that amounts to a 99.97% haircut for creditors.
The copyright ownership in the video rests with India Today Group. No third party is permitted to use the video without obtaining the permission of India Today Group. Any permission for usage can be obtained through the email ID provided here: mail@lallantop.com.
न्यूज़ लेटर के लिए क्लिक करें : https://www.thelallantop.com/newsletter
खबरों को विस्तार से पढ़ने के लिए क्लिक करें यहां : https://www.thelallantop.com/
Follow us on Facebook: https://www.facebook.com/thelallantop
Follow us on X: https://x.com/TheLallantop
Follow us on Instagram: https://www.instagram.com/thelallantop/
Production: Shruti
Video Editor: Ved
